WEC Energy Group (NYSE:WEC) PT Raised to $108.00 at KeyCorp

WEC Energy Group (NYSE:WEC) had its price target raised by KeyCorp from $103.00 to $108.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price objective indicates a potential upside of 8.79% from the stock’s previous close.

Several other research firms have also recently weighed in on WEC. Scotiabank boosted their price objective on WEC Energy Group from $90.00 to $103.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Bank of America upped their price target on WEC Energy Group from $88.00 to $90.00 and gave the stock an “underperform” rating in a report on Thursday, August 29th. StockNews.com downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. BMO Capital Markets upped their target price on shares of WEC Energy Group from $91.00 to $93.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company raised their price target on shares of WEC Energy Group from $103.00 to $106.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $94.45.

WEC Energy Group Stock Down 0.2 %

Shares of WEC Energy Group stock opened at $99.27 on Tuesday. WEC Energy Group has a 12-month low of $75.13 and a 12-month high of $100.31. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 1.37. The stock has a 50 day moving average price of $94.40 and a two-hundred day moving average price of $86.20. The stock has a market capitalization of $31.35 billion, a P/E ratio of 21.67, a PEG ratio of 2.57 and a beta of 0.44.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. WEC Energy Group’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.92 EPS. Equities analysts expect that WEC Energy Group will post 4.87 earnings per share for the current year.

Insider Buying and Selling at WEC Energy Group

In other news, VP Anthony Reese sold 1,362 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $88.78, for a total value of $120,918.36. Following the sale, the vice president now owns 1,462 shares in the company, valued at approximately $129,796.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Joshua M. Erickson sold 350 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $89.75, for a total value of $31,412.50. Following the transaction, the vice president now directly owns 2,377 shares of the company’s stock, valued at $213,335.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Anthony Reese sold 1,362 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $88.78, for a total value of $120,918.36. Following the sale, the vice president now directly owns 1,462 shares of the company’s stock, valued at $129,796.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,702 shares of company stock worth $1,078,058 over the last three months. Company insiders own 0.34% of the company’s stock.

Institutional Trading of WEC Energy Group

Several large investors have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV grew its holdings in WEC Energy Group by 5.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,248 shares of the utilities provider’s stock worth $216,000 after acquiring an additional 111 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in shares of WEC Energy Group by 2.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,047 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 117 shares in the last quarter. Global X Japan Co. Ltd. raised its position in WEC Energy Group by 58.1% in the 2nd quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 118 shares during the last quarter. Drake & Associates LLC lifted its holdings in WEC Energy Group by 2.0% during the 3rd quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider’s stock worth $598,000 after buying an additional 120 shares in the last quarter. Finally, Park National Corp OH lifted its holdings in WEC Energy Group by 3.4% during the 3rd quarter. Park National Corp OH now owns 3,964 shares of the utilities provider’s stock worth $381,000 after buying an additional 130 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.